average collected balance Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: average collected balance

average collected balance

average dollar amount on deposit in a checking account during an accounting period, equal to daily ledger balances less uncollected checks, divided by the number of days in a reporting period, usually a month.

See also uncollected funds , available balance

Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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